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Market Update

Yen Slides, NEC Sells Biglobe

Hiruki Nakamura
21 Jan, 2014
New York City

Stocks in Tokyo gained as the yen continued its slide towards 105 level. Cosmo Oil signed an agreement with Spain based CEP to develop natural gas fields. NEC agreed to sell its Internet service provider service Biglobe for 70 billion yen.

Baker Hughes, Dow, Delta Air Jump; Halliburton, J&J Drop

Mukesh Buch
21 Jan, 2014
New York City

Baker Hughes net soared 16%. Dow Chemical surged after on media reports that an activist investor took a significant position. Delta net surged on $8 billion tax valuation allowance. Halliburton net climbed 19%. J&J net surged 35%. Verizon net swung to a profit.

Australian Markets Rebound but Dollar Extends Weakness

Marcus Jacob
21 Jan, 2014
New York City

Australian market indexes closed higher led by stronger financial stocks. Australian dollar eased further for the second week in a row. Nucoal Resources Limited plunged to a record low after New South Wales canceled its mining license on corruption charges.

Europe Earnings: Alstom Plunges 12%, Unilever Net climbs 9%

Nigel Thomas
21 Jan, 2014
New York City

Alstom plunged 12% after it lowered fiscal outlook and revenue declined 2%. IMI will return

India Movers: Asian Paints and Kotak Mahindra Net Drops

Mukesh Buch
21 Jan, 2014
New York City

Asian Paints net fell 2% and revenue climbed 13%. Century Ply net swung to a profit. Emami third-quarter net climbed 31% on 7% increase in sales. Jet Airways starts daily Mumbai-Paris flight from May 14. Kotak Mahindra dropped after net declined 6%.

Yen in Focus, Nintendo Plunges 6%

Hiruki Nakamura
20 Jan, 2014
New York City

Stocks in Tokyo closed lower and the yen extended losses after China reported slower but healthy economic growth and strong fixed assets investment and retail sales. Nintendo plunged 6% after the video game maker lowered its Wii U

Australian Markets Trim Losses on China Economic Data

Marcus Jacob
20 Jan, 2014
New York City

Australian stocks reacted to better than expected economic data from China and trimmed early losses. China

Europe Earnings: AB InBev, Blinkx, Deutsche Bank, Legal & General, Peugeot

Nigel Thomas
20 Jan, 2014
New York City

AB InBev agreed to buy back South Korea

India Movers: Wipro Net Edges Up 4%, UltraTech Net Plunges 38%

Mukesh Buch
20 Jan, 2014
New York City

Dewan Housing net climbed 52%. Kajaria Ceramics net jumped 16%. PTC India net surged more than three-fold. Subex won five new customer deals worth $10 million. UltraTech Cement net plunged 38%. Vakrangee profit soared 56%. Wipro net increased 4%.

Record U.S. Indexes as Investors Weigh Earnings

Nichole Harper
17 Jan, 2014
New York City

U.S. stocks traded sideways and investors digested several earnings reports. General Electric earnings rose but fell short of expectations. American Express net doubled. Morgan Stanley and UPS results were lower than expected. Consumer confidence index eased in December.

Tokyo Indexes Drift Lower

Hiruki Nakamura
17 Jan, 2014
New York City

Stocks in Tokyo traded mixed and market indexed fell 0.9% in the week. Foreign investors sold a net 287 billion yen of Japanese stocks in the week ending on Jan 10, Ministry of Finance reported today. Nintendo dropped on weak outlook.

American Express, Morgan Stanley Rise; GE, Intel Fall

Mukesh Buch
17 Jan, 2014
New York City

American Express net doubled. Carlyle agreed to acquire Ortho-Clinical business of J&Johnson for $4.15 billion. GE net jumped 5%. Morgan Stanley net plunged 85% but revenue jumped 11%. Intel net advanced 6%. Schlumberger net surged 22%.

Europe Earnings: Accor, Essilor Intl, Pandora, Shell

Nigel Thomas
17 Jan, 2014
New York City

Accor said quarterly sales fell 3% to

Australian Indexes Fall 0.1%, Aussie Dollar at 42-Month Low

Marcus Jacob
17 Jan, 2014
New York City

Australian market indexes closed lower on Friday and declined 0.1% in the week. The Aussie dollar continued its steady slide and dropped to a 42-month low. Woodside Petroleum secured a site to build LNG processing facility in Canada.

Reliance Industries and Tata Consultancy Report Record Profits

Mukesh Buch
17 Jan, 2014
New York City

HDFC Bank net surged 25%. Hindustan Zinc net jumped 7%. ITC net soared 16.3%. MindTree plunged after net declined 31%. Reliance net rose 0.2% to $0.9 billion and revenue jumped 10% to $17.2 billion. TCS net surged 15%.